Economic Prosperity and Economic Democracy: The Worker Co-Op Solution

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This article originally appeared at www.truth-out.org

Workers' self-directed enterprises (WSDEs) are a response to capitalism's failure to deliver economic prosperity and socialism's failure to deliver economic democracy.

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This article originally appeared at www.truth-out.org

Capitalism and Democracy: Year-End Lessons

2013 drove home a basic lesson: US capitalism's economic leaders and their politicians now regularly ignore majority opinions and preferences. For example, polls showed overwhelming popular support for higher taxes on the rich with lower taxes on the rest of us and for reversing the nation's deepening economic inequalities. Yet Republicans and Democrats, including President Obama, raised payroll taxes sharply on January 1, 2013. Those taxes are regressive; they take a smaller percentage of your income the higher your income is above $113,700 per year. Raising the payroll tax increased economic inequality across 2013.

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This article originally appeared at Counterpunch.org

Welcome to Econ… A Q&A with Richard Wolff

Recently, through an e-mail exchange I was able to ask Richard Wolff a few questions about economics and alternatives to capitalism. Dr. Wolff is a Professor of Economics Emeritus at the University of Massachusetts, Amherst...

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This article originally appeared at Truth-out.org

Capitalism and Unemployment

Capitalism as a system seems incapable of solving its unemployment problem. It keeps generating long-term joblessness, punctuated by spikes of recurring short-term extreme joblessness. The system's leaders cannot solve or overcome the problem...

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This article originally appeared at The Guardian.

The Great Austerity Shell Game

Barack Obama speaking in March 2013 about the sequester, the automatic spending cuts mandated by Congress. Photograph: Carolyn Kaster/AP

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